Market Overview:
The global cloud-based video conferencing market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based video conferencing solutions from various end users, such as manufacturing, ICT, healthcare, BFSI and others. Additionally, the growing trend of BYOD (Bring Your Own Device) is also contributing significantly to the growth of this market. The hardware segment is expected to hold a major share of the global cloud-based video conferencing market during the forecast period. This can be attributed to factors such as rising demand for high quality and reliable video conferencing equipment from various end users and growing popularity of room systems among businesses.
Product Definition:
Cloud-based video conferencing is a type of video conferencing that allows participants to connect to a meeting via the Internet. This type of conferencing can be used for both personal and business meetings. The importance of cloud-based video conferencing is that it allows users to connect with others from anywhere in the world without having to install any software or hardware.
Hardware:
Hardware is the term used to define all the devices and components required to establish a connection from one end-user to another. In video conferencing, hardware includes cameras, microphones, monitors & their cables as well as audio systems & their speakers.
Software:
Software is the collection of tools and techniques that are used to create, modify or destroy electronic data or information. In other words, it's a set of rules and processes that can be applied when dealing with any type of digital data or information to produce an outcome. It helps in carrying out various tasks such as creating new documents, modifying existing documents and opening, closing and saving files.
Application Insights:
The others application segment dominated the global market in terms of revenue share in 2017. This can be attributed to the increasing usage of video conferencing tools by various organizations for collaborating with remote offices or clients. The manufacturing industry is one of the prominent users of cloud-based video conferencing solutions as it helps them to communicate and collaborate efficiently across different time zones and geographical locations. Moreover, these solutions help manufacturers reduce travel costs, increase employee productivity, improve customer service quality and enhance brand image through digital channels.
The healthcare segment is expected to witness lucrative growth over the forecast period owing to an increase in demand for effective communication between doctors & patients as well as among departments at hospitals & clinics.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of industry players, such as Cisco Systems, Inc., Google LLC, and Avaya Inc. Moreover, these companies are continuously investing in research & development activities to develop advanced video conferencing solutions for businesses. For instance, Cisco Systems has developed its own high-definition (HD) video camera and is now focusing on developing an HD-enabled cloud platform for business communication that will enable collaboration over any distance with anyone at anytime. Such developments are expected to drive regional growth over the forecast period.
Asia Pacific region is anticipated to witness significant growth during the forecast period owing to increasing adoption of cloud technology across various industries in this region due to growing need for improved productivity and enhanced customer experience resulting into increased sales leads generation capabilities which ultimately drives revenue generation process thereby driving up overall demand within this region significantly contributing towards overall regional market share during same period.
Growth Factors:
- Increased demand for video conferencing from small and medium businesses (SMBs) due to the benefits it offers such as reduced travel costs, improved communication and collaboration, and increased productivity.
- Rapid growth of cloud-based video conferencing services due to their lower cost, easy deployment, and scalability. This is attracting more users to switch from traditional on-premises video conferencing solutions to cloud-based ones.
- Proliferation of high-speed internet connections and rising penetration of smartphones and tablets that are fuelling the demand for mobile video conferencing services.
- Growing popularity of Bring Your Own Device (BYOD) policies in organizations that are encouraging employees to use their personal devices for work purposes, resulting in an increase in the demand for cross-platform compatible video conferencing tools/services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud-based Video Conferencing Market Research Report
By Type
Hardware, Software
By Application
Manufacturing, ICT, Healthcare, BFSI, Others
By Companies
Avaya, Cisco Systems, Huawei Investment & Holdings, Polycom, Blue Jeans Network, Fuze, LifeSize Communications, StarLeaf, Videxio, Vidyo, Zoom Video Communications
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Cloud-based Video Conferencing Market Report Segments:
The global Cloud-based Video Conferencing market is segmented on the basis of:
Types
Hardware, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, ICT, Healthcare, BFSI, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Avaya
- Cisco Systems
- Huawei Investment & Holdings
- Polycom
- Blue Jeans Network
- Fuze
- LifeSize Communications
- StarLeaf
- Videxio
- Vidyo
- Zoom Video Communications
Highlights of The Cloud-based Video Conferencing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- By Application:
- Manufacturing
- ICT
- Healthcare
- BFSI
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloud-based Video Conferencing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cloud-based video conferencing is a type of online meeting that uses the internet to connect participants in real time. Participants can access the meeting through a web browser, phone app, or other device. Cloud-based video conferencing services allow groups of people to communicate without having to set up separate meetings rooms or equipment.
Some of the major companies in the cloud-based video conferencing market are Avaya, Cisco Systems, Huawei Investment & Holdings, Polycom, Blue Jeans Network, Fuze, LifeSize Communications, StarLeaf, Videxio, Vidyo, Zoom Video Communications.
The cloud-based video conferencing market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud-based Video Conferencing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cloud-based Video Conferencing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud-based Video Conferencing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cloud-based Video Conferencing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cloud-based Video Conferencing Market Size & Forecast, 2020-2028
4.5.1 Cloud-based Video Conferencing Market Size and Y-o-Y Growth
4.5.2 Cloud-based Video Conferencing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 ICT
6.2.3 Healthcare
6.2.4 BFSI
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud-based Video Conferencing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cloud-based Video Conferencing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 ICT
9.10.3 Healthcare
9.10.4 BFSI
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 ICT
10.10.3 Healthcare
10.10.4 BFSI
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 ICT
11.10.3 Healthcare
11.10.4 BFSI
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 ICT
12.10.3 Healthcare
12.10.4 BFSI
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 ICT
13.10.3 Healthcare
13.10.4 BFSI
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cloud-based Video Conferencing Market: Competitive Dashboard
14.2 Global Cloud-based Video Conferencing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Avaya
14.3.2 Cisco Systems
14.3.3 Huawei Investment & Holdings
14.3.4 Polycom
14.3.5 Blue Jeans Network
14.3.6 Fuze
14.3.7 LifeSize Communications
14.3.8 StarLeaf
14.3.9 Videxio
14.3.10 Vidyo
14.3.11 Zoom Video Communications
